Top Crypto Court Cases to Watch Post-SBF Sentencing

28 days ago

Do you remember that Sam Bankman-Fried dude? The founder of FTX who got himself into a whole heap of trouble? The guy got slapped with a 25-year sentence for pulling off some major fraud and conspiracy that tanked his whole cryptocurrency exchange. Talk about a spectacular fall from grace.

Related: Judge Convicts Former FTX CEO Sam Bankman-Fried to 25 years in Multi-billion Fraud Case

But you know what they say: the rest of the industry must watch out when one crypto king falls. Since the FTX fiasco, the regulatory honchos have been cracking down hard on the crypto world. They're trying to clean up this wild west of an industry, which means we're about to see some major court cases go down. So, if you're a crypto fanatic like me, you'll want to keep your eyes open for the upcoming big cases that might shake up the crypto space.

Case 1: TerraUSD and Luna Collapse - Do Kwon on Trial

You know that whole mess with the "stablecoin" that wasn't so stable? I'm talking about the TerraUSD and Luna disaster that rocked the crypto world in May 2022. Yeah, that one where around $40 billion just went poof into thin air! Crazy stuff, right?

So here's the tea – the bigwigs at the Securities and Exchange Commission (SEC) are accusing this dude named Do Kwon and his company, Terraform Labs, of basically selling snake oil to investors. They're saying that Kwon and his crew misled everyone about how stable their beloved TerraUSD (UST) was.

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